The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday to mark its worst day in over two months, hurt by falling capesize rates. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down 95 points, or 5.5%, at 1,637 …
Baltic index marks worst day in 2 months as capesize rates dip Read More »
The record-breaking VLCC fixtures that occurred during the first half of 2020 seem a lifetime ago. As we approach autumn, following a summer characterized by travel uncertainty, low demand levels and wild fluctuations between optimism that the coronavirus had been contained and pessimism that a second wave was around the corner, the tanker trade is …
Transparency, cross-value chain collaboration and public-private partnerships will be crucial to rebuilding the world economy post COVID-19 while addressing long-term challenges such as the climate crisis. Finding a new way forward for global seaborne trade was at the focus of discussions during the Global Maritime Forum’s week-long Virtual-High Level Meeting. The meeting gathered around 240 …
ABS Chairman, President and CEO Christopher J. Wiernicki has called on the industry to recognize that the successful decarbonization of the shipping industry will take teamwork and cooperation. “Building the future is clearly a team sport – even if not all players see it that way all the time,” he said. “In our industry, the …
Chinese and international steel market participants do not expect Australian iron ore to be subject to import restrictions such as those impacting Chinese imports of Australian metallurgical and thermal coal. S&P Global Platts spoke to 10 companies on Oct. 14 to gauge the feeling in the market about the implications of the coal import measures, …
China coal import measures unlikely to extend to iron ore: sources Read More »
El Canal de Panamá cerró el año fiscal 2020 con 475.1 millones de toneladas, como resultado de haber ofrecido un servicio ininterrumpido a sus clientes y un ambiente seguro para sus colaboradores, en medio del impacto que la pandemia de Covid-19 provocó a nivel global. “En todo momento la prioridad del Canal fue asegurar el …
Canal de Panamá cierra año fiscal 2020 con 475 millones de toneladas Read More »
Además de entregar equipamiento escolar, también se ha suministrado a los centros escolares material higiénico-sanitario para apoyar la lucha contra el coronavirus Un total de 476 niños del Distrito Marítimo de Valencia han podido iniciar el curso escolar un poco más seguros, además de mejor equipados, gracias a la campaña de apoyo de Aportem – …
Offshore Wind Consultants (OWC) has completed the identification of geohazards in the Polish sector of the Baltic Sea that offshore wind developers should address when planning projects. According to OWC, Poland’s Baltic Sea is covered by various kinds of sediments, ranging from loam through fine‐grained sand and coarse sands, to gravel and stones, with sediment …
Offshore Wind Consultants spots geohazards in Poland Read More »
Dutch exploration and production operator Tulip Oil halved its gas production from the Q10-A field in the Dutch North Sea during the third quarter of the year when compared to the previous quarter due to a temporary shut-in and lower prices. The Tulip Oil-operated Q10-A field started producing gas in February 2019. Due to the …
Tulip Oil halves gas production from North Sea field Read More »
South Africa’s DNG Energy has received final authorization to starts liquefied natural gas (LNG) bunkering in the Port of Coega, in the Eastern Cape. Courtesy of Transnet National Ports Authority The authorization was granted by the Transnet National Port Authority (TNPA), the company informed in a statement on Wednesday. Aldworth Mbalati, DNG Energy CEO said, …
South Africa’s DNG Energy gets LNG bunkering permit Read More »
